Corporate/Finance: Page 7
-
Gareth Cattermole via Getty Images
Dr. Martens creative director steps down after a decade
Darren McKoy said he was ready to embrace new opportunities and creative challenges, and the footwear company hasn’t named a replacement.
By Laurel Deppen • Updated Jan. 7, 2025 -
Courtesy of Presidencia de la Republica
Mexico restricts duty-free apparel imports
The rule change will significantly impact foreign fashion brands and 3PLs using Mexico for de minimis shipments to the U.S.
By Edwin Lopez • Updated Jan. 6, 2025 -
Roy Rochlin via Getty Images
Fashion Workers Act signed into law in New York
The legislation requires model management firms to register with the state and offers protections against AI and exploitation.
By Laurel Deppen • Jan. 3, 2025 -
Perfect Corp expands into luxury fashion with Wannaby acquisition
The company was acquired from Farfetch so Perfect Corp can broaden its virtual try-on capabilities into categories like shoes, bags and apparel.
By Kaarin Moore • Jan. 3, 2025 -
Courtesy of Laura Ashley
Marquee Brands acquires Laura Ashley
With the addition of the U.K.-based lifestyle company, Marquee’s brand portfolio will exceed $4 billion in retail sales.
By Lara Ewen • Jan. 3, 2025 -
Daphne Howland/Fashion Dive
Saks Global names new leadership as it completes $2.7B Neiman Marcus acquisition
Saks CEO Marc Metrick will lead the expanded company, while Chief Merchandising Officer Tracy Margolies will take over as Bergdorf Goodman’s president.
By Nate Delesline III • Jan. 2, 2025 -
Daphne Howland/Fashion Dive
Nordstroms succeed in taking company private for $6.25B
The board unanimously approved the deal, which also includes Mexican retail conglomerate El Puerto de Liverpool and gives the founding family a majority stake.
By Daphne Howland • Jan. 2, 2025 -
Courtesy of Hugo Boss
Hugo Boss launches independent recycling, reuse company
Eightyards will begin operations in January and manage the group’s waste but is eyeing expansion beyond fashion.
By Laurel Deppen • Dec. 19, 2024 -
Courtesy of Puig
Puig to acquire Charlotte Tilbury by 2031
The two companies’ strategic partnership will extend until Puig assumes ownership, and Charlotte Tilbury Limited will retain minority brand ownership until then.
By Lara Ewen • Dec. 18, 2024 -
Pascal Le Segretain via Getty Images
9 luxury brands that made creative director changes in 2024
Some of the departing designers exited their roles for new high-profile jobs while others have not announced future plans, leaving 2025 open to even more shifts.
By Lara Ewen • Dec. 18, 2024 -
Permission granted by Express
SEC charges Express with failing to disclose $1M in perks to former CEO
The agency did not impose a penalty, though, in part because the apparel retailer self-reported.
By Kaarin Moore • Dec. 18, 2024 -
Retrieved from L'amy on December 17, 2024
L’amy eyewear extends Champion licensing agreement
In partnership with the athleticwear brand’s new owner, Authentic Brands Group, the optical and sunglass firm has agreed to continue its relationship.
By Lara Ewen • Dec. 17, 2024 -
Aliah Anderson via Getty Images
Vera Wang sells namesake brand to WHP Global
Wang will become a shareholder and continue to lead the label’s creative direction.
By Laurel Deppen • Dec. 16, 2024 -
Dimitrios Kambouris via Getty Images
4 designers who moved downmarket in 2024
As younger consumers gravitate toward streetwear and shy away from luxury, new creative directors are bringing an elevated aesthetic to accessible fashion.
By Lara Ewen • Dec. 16, 2024 -
Daphne Howland/Fashion Dive
L.L. Bean confirms layoffs of up to 3% of Maine HQ workforce
The outdoor brand earlier this year announced plans to expand its store footprint, despite sales declines in 2023.
By Daphne Howland • Dec. 16, 2024 -
Tetiana Soares via Getty Images
Need a de minimis strategy? Here are 4 questions every shipper should ask.
Shipping using Section 321 is not a good idea for every e-commerce company, logistics experts say.
By Edwin Lopez • Dec. 13, 2024 -
Danny E. Martindale via Getty Images
Bottega Veneta names Louise Trotter creative director
The designer will leave her role at Carven in early 2025 and succeeds Matthieu Blazy, who is taking on the role of artistic director of fashion activities at Chanel.
By Lara Ewen • Dec. 13, 2024 -
Courtesy of Rubi
Materials technology firm awarded $1M grant
Rubi, which already has partnerships with H&M, Patagonia and Reformation, said it will use the funds to scale and eventually commercialize its carbon-to-cellulose platform.
By Lara Ewen • Dec. 12, 2024 -
Stock via Getty Images
Shein, Temu suspended from selling in Vietnam
The fast fashion companies must register their businesses with the country’s e-commerce and digital economy agencies.
By Laurel Deppen • Dec. 12, 2024 -
Dimitrios Kambouris via Getty Images
John Galliano to leave Maison Margiela
The designer, who has been with the OTB-owned label for a decade, did not disclose his next move and a successor has not been named.
By Lara Ewen • Dec. 11, 2024 -
Nadine Rupp/Getty Images for Schoeller & von Rehlingen via Getty Images
G-III shares jump following better-than-expected earnings results
The Donna Karan owner reported a 2% increase in net sales in Q3.
By Laurel Deppen • Dec. 11, 2024 -
Courtesy of Authentic Brands Group
Authentic announces South Africa partnership for Ted Baker brand
The deal with Ares Holdings will include the opening of two retail stores, as well as select menswear and womenwear distribution.
By Lara Ewen • Dec. 11, 2024 -
Cara Salpini/Fashion Dive
Reebok undergoes layoffs tied to footwear business
Sparc, which runs the sportswear brand’s U.S. operations, is making cuts as it transfers some of its Reebok licenses.
By Cara Salpini • Dec. 11, 2024 -
jetcityimage via Getty Images
Shein launches independent advisory boards for ESG, corporate responsibility issues
The groups will work with the fast fashion company’s leaders on how to reach the commitments it laid out in its EvoluSHEIN plan.
By Laurel Deppen • Dec. 10, 2024 -
Courtesy of Merrell
Merrell taps Under Armour veteran as chief product officer
In addition to spending nearly 11 years at the athletics brand, Noreen Naroo-Pucci also has experience from Mizzen+Main and Calvin Klein.
By Howard Ruben • Dec. 10, 2024
Previous
